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Stable U.S. cropland values reflected continued pressure from lower commodity prices in 2016-17. Cropland rental rates remained steady despite below breakeven prices for corn and soybeans.

Based on June 2017 surveys, the average values of U.S. farm real estate, including all land and buildings on farms, was up 2.3 percent from 2016 values. U.S. average cropland values were unchanged at $4,090 per acre.

Progressive Dairyman provides its annual look at state cropland values, ranked by value per acre, as well as cropland rent per acre and annual rent as a percentage of average value.